{"id":315588,"date":"2019-10-11T11:40:46","date_gmt":"2019-10-11T11:40:46","guid":{"rendered":"http:\/\/tehelka.com\/?p=315588"},"modified":"2019-10-11T11:40:46","modified_gmt":"2019-10-11T11:40:46","slug":"ranbaxy-ex-promoters-malvinder-shivinder-singh-sent-to-four-day-police-custody-in-fraud-case","status":"publish","type":"post","link":"https:\/\/tehelka.com\/ranbaxy-ex-promoters-malvinder-shivinder-singh-sent-to-four-day-police-custody-in-fraud-case\/","title":{"rendered":"Ranbaxy ex-promoters Malvinder, Shivinder Singh sent to four-day police custody in fraud case"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-311035 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2019\/04\/ranbaxy-bros.jpg\" alt=\"\" width=\"561\" height=\"353\" srcset=\"https:\/\/tehelka.com\/media\/2019\/04\/ranbaxy-bros.jpg 561w, https:\/\/tehelka.com\/media\/2019\/04\/ranbaxy-bros-300x189.jpg 300w\" sizes=\"(max-width: 561px) 100vw, 561px\" \/>Delhi court on Friday sent former promoter of Ranbaxy pharmaceuticals, Shivinder Singh, Malvinder Singh and three others to four-day police custody in a fraud case.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The other accused in the case are Sunil Godhwani, Kavi Arora and Anil Saxena<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Malvinder Singh was arrested on Friday morning after a late night chase while Shivinder and others accused in the case were arrested on Thursday by the Economic Offences Wing (EOW) of Delhi Police for allegedly diverting money and investing in other companies.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">After Shivinder\u2019 arrest, a lookout notice was issued against Malvinder and he was later nabbed by Delhi police in Punjab.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">In December 2018, Religare Finvest Limited (RFL) had filed a complaint with the Economic Offences Wing of the Delhi Police against Singh brothers.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Religare has accused them of diverting public funds alleging that loans were taken by Singh while managing that firm, but the money was invested in other companies.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The Singh brothers were raided by the Enforcement Directorate (ED) in August this year in connection with money laundering case.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi court on Friday sent former promoter of Ranbaxy pharmaceuticals, Shivinder Singh, Malvinder Singh and three others to four-day police custody in a fraud case. The other accused in the case are Sunil Godhwani, Kavi Arora and Anil Saxena Malvinder Singh was arrested on Friday morning after a late night chase while Shivinder and others [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":311035,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1961,2009,2014],"tags":[5087,5088],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/315588"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=315588"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/315588\/revisions"}],"predecessor-version":[{"id":315589,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/315588\/revisions\/315589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/311035"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=315588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=315588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=315588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}